In this role, Mr. Wotton will be responsible for product development and strategy, reporting to Chris Childs, President & CEO of DTCC Deriv/SERV.

Prior to DTCC, Mr. Wotton served as Head of Post Trade Services and Europe Operations at Barclays. There, he was responsible for the implementation of a strategic global operational model to provide improved service capabilities to clients and internal businesses as well as the design and delivery of an enhanced strategic architecture to achieve automation, process improvement and risk management objectives. Previously, he held several roles at Citigroup. During his career, Mr. Wotton has served on a number of Boards and committees, including DTCC’s Deriv/SERV Board, LCH OTC Deriv Net, and the International Swaps & Derivatives Organization’s (ISDA) Market Infrastructure & Technology Committee.

Commenting on Mr. Wotton’s appointment, Mr. Childs said, “As a recognized derivatives and operations expert, Val brings decades of experience and deep insights to DTCC. His expertise will be critical as we continue to enhance all of our derivatives products and services to meet the evolving needs of our global client base. With the industry and regulators focused on automation as a means to increase market transparency, we look forward to Val’s contributions as we look for new opportunities to grow our support for the industry.”

Mr. Wotton added, “Over the years, I have been able to gain unique insights into DTCC’s derivatives repositories, working alongside my fellow Deriv/SERV Board Members to advise on future product strategy. DTCC has been a key enabler of increased visibility into the derivatives markets, and I look forward to helping the firm continue to innovate around automation, standardization and utilization, while ensuring that our services enable clients to meet their regulatory mandates.”